Elon Musk Renews Criticism of Trump’s $5 Trillion Spending Bill, Calls for New Political Party

Report by “Safarti Tarjuman” International News Desk

WASHINGTON — Billionaire entrepreneur Elon Musk has once again criticized U.S. President Donald Trump’s latest spending legislation, arguing it highlights the urgent need for a new political force in America.

On Monday, the Tesla CEO took to X to denounce what he described as “insane spending,” specifically targeting the bill’s $5 trillion increase in the debt ceiling.

> *“It is obvious … that we live in a one-party country — the PORKY PIG PARTY!! Time for a new political party that actually cares about the people,” Musk posted, amplifying his frustration with bipartisan neglect of the ballooning national debt.

Earlier this month, Musk had openly clashed with Trump over the same legislation but later seemed to soften his stance. Despite that, he has consistently voiced concerns about the lack of fiscal restraint in Washington.

The public feud between Musk and the administration has created waves in the markets, causing Tesla shares to swing wildly, temporarily wiping out nearly $150 billion in the company’s valuation before partially recovering.

The dispute underscores deeper rifts between the Trump administration and high-profile business leaders over the nation’s fiscal direction, as concerns grow about massive deficits and debt sustainability.

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